DFC Can Improve the Acquisition of Goods and Services

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Date Issued

Tuesday, December 17, 2024

Submitting OIG

U.S. Development Finance Corporation OIG

Agencies Reviewed/Investigated

U.S. International Development Finance Corporation

Report Number

DFC-25-002-C

Report Description

The U.S. International Development Finance Corporation (DFC) Office of Inspector General (OIG) contracted with the independent public accounting firm RMA Associates, LLC (RMA) to conduct an audit of DFC’s acquisition of goods and services. The objective of this audit was to determine whether DFC complied with applicable goods and services contract regulations, policies, and procedures. We evaluated six goods and services contracts. This included one contract for hardware, one for technical support services, one large software purchase, one contract for legal services, and two contracts for consulting services.

Report Type

Audit

Agency Wide

Yes

Number of Recommendations

Questioned Costs

$6,600,000

Funds for Better Use

Report updated under NDAA 5274

External Link

https://www.dfc.gov/sites/default/files/media/documents/dfc_can_improve_the_acq…

Open Recommendations

This report has 5 open recommendations.

Recommendation Number	Significant Recommendation	Recommended Questioned Costs	Recommended Funds for Better Use
1	No	$0	$0
Determine and document what constitutes a major acquisition and major Information Technology (IT) acquisition for the corporation.
2	No	$6,600,000	$0
Develop and formalize an integrated acquisitions review process to ensure effective collaboration between key stakeholders on acquisitions, including major acquisitions and major IT acquisitions. The process should identify key stakeholders and define the phases when stakeholders must coordinate approvals before moving forward with the acquisition.
7	No	$0	$0
Develop and implement an agency-wide process for the development, review, and approval of the corporation’s policies and procedures.
8	No	$0	$0
Reassess the corporation’s position on adherence to OMB Circular No. A-130 and update the Office of Information Technology (OIT) Directive accordingly.
10	No	$0	$0
Approve a policy that clearly defines how the Clinger-Cohen Act applies to DFC, particularly the Chief Information Officer’s reporting structure.